IBM Drops on Profit News
As Rally Comes to a Halt

NEW YORK -- Investors showed some displeasure with the first-quarter results of some leading technology issues, helping to halt the two-day rally made by stocks.

International Business Machines tumbled as investors reacted pessimistically to a decline in revenue reflected in the computer giant's first-quarter earnings. IBM reported its results late Tuesday. The stock closed at 115 1/8 in 4 p.m. New York Stock Exchange composite...